Coronavirus, Lockdown, India, Nirmala Sitharaman, Covid-19 Economic Relief Package;10 BIG Announcements News Delhi: In the wake of the coronavirus outbreak in India and the 21-day lockdown, on
Thursday, the government declared a massive Rs1.7 lakh crore relief fund for the poor in an attempt to fend off a financial crisis that could follow the pandemic.
Finance Minister Nirmala Sitharaman spoke to the media in the midst of high expectations for a stimulus package and revealed the following A kit is ready for the vulnerable, who like migrant workers and urban and rural vulnerable need urgent support. No-one is going to go hungry. The kit is worth Rs 1.7 crore with lakh.
For three months there will be Rs 50 lakh compensation per health-care worker as a cover for medical benefits. Hopefully in this time, we will be able to contain the virus. Pradhan Mantri Gareeb Kalyan Ann Yojna(for the next 3 months):80 cr poor people covered(2/3rd of the population of India), besides already allocated 5Kg of rice / wheat per person, an additional 5 kg will be free.Additional 1 kg pulse willbe given (acc to regional preference). 69 Crore farmers to benefit immediately from Direct cash transfers. Installment of Rs 2000 will be moved within the first week of April.
Check also: LIVE Updates On Coronavirus In India Wage increase in MGNREGA- 5 crore families benefited from an average rise in Rs 2000 per worker as additional income. Old age, Divyang, pensioners: 3 crore persons covered, one-time sum of additional Rs 1000 in two installments via DBT (thus no intermediaries) over 3 months to be issued. 20 Crore Jan Dhan Women account holders covered- Ex gratia balance Rs 500 per month for the next 3 months, FM Sitharaman announces. Self-help women's groups (7 Crore houses are covered), collateral-free loans doubled to20 Lakh, to collect money in hand, Finance Minister Nirmala Sitharaman announces.
Ujjawala scheme close to 8.3 crore BPL families covered in this, so that no running short of cooking medium, free cylinders for 3 months.Govt of India must pay the contribution of Employees ' Provident Fund(EPF), both employer and employee, added together it will be 24 percent, this will be for the next 3 months. It is for those institutions that have up to 100 workers and 90 percent of them earn less than 15,000.Owing to this pandemic, Govt is ready to amend theEPF law so that employees can make up to 75%. Non-refundable credit advance in PF account or 3-month wage, whichever is less. 4.8 Crore employees will benefit from this decision. Welfare for housing and maintenance workers, registered to gain 3.5 crore workers, Central Govt has issued state governments instructions to use fund (Rs31,000 crore) to provide relief, FM Sitharaman announces. FM Sitharaman announces the District Mineral Fund: Central Govt to invite State Govts to use this fund to increase medical testing and screening, and provide health care